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Random article: Import Prices
Any product can be estimated within market framework of a certain state. Therefore, customs duty for import is laid in price of imported product that covers the difference between national and import product of the same category. When needed, import prices can be brought down to zero in order to boost import. It is made when imported goods are not produced in the country, when favorable conditions for less developed country are set or if trade relations with a certain country are important. This tariff is included in cost of product, therefore, Import Price index is taken into account upon calculation of consumer prices.
Popular article: Housing Starts Index
Real estate market of the USA plays a great role for its economy and in the results impacts on currency rate. There are two key reports for housing building among residents of the country, one of which represents the number of new constructions of houses - Housing Starts. This is a fundamental indicator that provides the amount of houses in process of construction. This index consists of three parts: single-family houses, townhouses or small condos and apartment buildings with five or more units. Every apartment is considered as a single unit. For example, multistorey house with 50 apartments is accounted as 50 new house units. It is also noteworthy that single-family houses amount to about 85% from total amount of new houses.
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